198 First Avenue, Toronto, ON

$1,995,000
MLS#:E9397227
3 beds
3 baths
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 3-Storey semi-detached located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 17.37 x 100 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discreetly set back from First Avenue with wrought iron gate enclosure, this gorgeous three-storey Victorian has been exceptionally renovated with the most exquisite of finishings throughout, set to impress South Riverdale's most discerning buyers. Upon entry, a front vestibule is lined with custom hooks and shelving that house the whole family's seasonal outerwear. The floor plan then opens to an astounding combined living and dining room with nearly ten foot ceilings, beamed ceilings, a wood burning fireplace, restored stained glass window, and perfectly appointed finishes. The kitchen will astound with solid-wood dovetailed cabinetry, a Wolf gas range, integrated high end appliances, and a marble topped centre island with breakfast bar seating for the whole family. Walk-out to the fully landscaped garden designed by Jennifer Hayman Design with a new deck, curated green space, a new fence and great storage shed. On the second floor there are two large bedrooms, two renovated bathrooms and a concealed laundry room. Choose between primary bedroom suites on the second or the third floor, each with access to customized closets and fully renovated ensuite bathrooms. The third floor bedroom suite also has a walk-out to an incredible rooftop deck, set amongst the neighbouring treeline. In the lower level, the basement is renovated with two open concept spaces to be used as recreation space, home office space or converted to a bedroom, if required. There is an abundance of storage on every level, fixtures and hardware were sourced at Restoration Hardware and Gingers, and all the light fixtures were carefully curated to masterfully accent the elevated design and curation of this exceptional home.

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Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 26, 2024
Sold price information is available to members only
Listed Date10/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style3-Storey
ConstructionBrick
BasementFinished
Lot Size17.37 × 100 Feet
CountyToronto
Annual Tax$6,652.19
Legal DescriptionSee schedule B

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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198 First Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 198 First Avenue, Toronto E01, ON M4M 1X1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$399,000 (20.0%)
* Minimum Canadian down payment required for this price is $399,000.
Amortization Period25 Years
Estimated Monthly Payment$9,511Based on a loan of $1,596,000 over 25 years.
Purchase Price$1,995,000
Loan Amount$1,596,000
Provincial Land Transfer Tax:$36,375
Toronto Municipal Land Transfer Tax:$36,375
Total Estimated Closing Taxes:$72,750

About Purchasing a Home in Toronto, ON

For a property listed at $1,995,000 in Toronto, the legal minimum down payment is $399,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $36,375 also applies, bringing the total estimated land transfer taxes to $72,750.

Nearby Listings

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No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for South Riverdale, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,070,594

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Withrow Avenue
Public25 Bain Avenue, Toronto, Ontario, M4K 1E5
7.8
Morse Street
Public180 Carlaw Avenue, Toronto, Ontario, M4M 2R9
6.9
Nelson Mandela Park
Public440 Shuter Street, Toronto, Ontario, M5A 1X6
1.6
Sprucecourt
Public70 Spruce Street, Toronto, Ontario, M5A 2J1
4.6
Blake Street
Public21 Boultbee Avenue, Toronto, Ontario, M4J 1A7
5.8

Secondary Schools

Riverdale
Public1094 Gerrard Street East, Toronto, Ontario, M4M 2A1
8.7
Rosedale Heights-Arts
Public711 Bloor Street East, Toronto, Ontario, M4W 1J4
8.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.